LINK/USDT – 4H – SELL

The combination Chainlink/Tether (LINK/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at will persist.

Caution: A possible reversal of the trend in the direction of resistance at 9.95 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Besides a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

9.95 – 9.6 – 9.19 – 8.92 – 8.83 – 8.4 —
9.930000000 – 9.260000000 —
74.103917929993 – 39.461602786752 —
– —
9.95 – 1773748800

Trading Signals: CRYPTO – LINK – LINK/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –